Mike Khouw said on CNBC's "Options Action" that options traders are betting on more downside for Energy Select Sector SPDR (ETF) XLE.
He explained that the put option interest doubled since late January. The greatest open interest is in the September and the December 60 and 62 puts, added Khouw. He also noticed that traders are buying call options in crude oil.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in